PAE Expands Air Force Reach with USAFE-AFAFRICA IDIQ Win, Award of Initial Task Order Supporting Electronic Warfare Missions
11 December 2020 - 12:00AM
PAE (NASDAQ: PAE, PAEWW), a global leader in delivering smart
solutions to the U.S. government and its allies, was awarded a
single-award indefinite delivery, indefinite quantity contract with
a ceiling value of $98 million to provide electronic warfare
operations training and infrastructure maintenance support for the
U.S. Air Forces in Europe & Air Forces Africa. PAE was also
awarded a five-year, €46 million new task order on the contract to
operate and maintain USAFE-AFAFRICA's electronic warfare range
systems infrastructure in Germany and provide mobile training
operations throughout Europe and Africa.
PAE President and CEO John Heller said the
company’s past technical experience was key to winning the
awards.
“PAE has built a unique set of skills and
knowledge from decades supporting essential Air Force national
security initiatives,” Heller said. “We believe that expertise and
our dedication to continuous improvement practices gives PAE a
competitive advantage with training and technical operations
support services work, including this opportunity to support
electronic warfare training missions for USAFE-AFAFRICA at
locations throughout Europe and Africa.”
The awards further PAE’s strategy of expanding
innovation and technology integration services for U.S. government
customers, adding to a 65-year history providing world class
technical support services for critical national security missions.
The contract vehicle has a five-year period of performance with
future task orders anticipated for sites in the United Kingdom and
Italy.
About PAEFor 65 years, PAE has
tackled the world’s toughest challenges to deliver agile and
steadfast solutions to the U.S. government and its allies. With a
global workforce of about 20,000 on all seven continents and in
approximately 60 countries, PAE delivers a broad range of
operational support services to meet the critical needs of our
clients. Our headquarters is in Falls Church, Virginia. Find us
online at pae.com, on Facebook, Twitter and LinkedIn.
Forward-Looking StatementsThis
press release may contain a number of “forward-looking statements”
as defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to,
statements about PAE’s possible or assumed future results of
operations, financial results, backlog, estimation of resources for
contracts, risks related to IDIQ contracts, strategy for and
management of growth, needs for additional capital, risks related
to U.S. government contracting generally, including congressional
approval of appropriations, and bid protests. These forward-looking
statements are based on PAE’s management’s current expectations,
estimates, projections and beliefs, as well as a number of
assumptions concerning future events.
These forward-looking statements are not
guarantees of future performance, conditions or results, and
involve a number of known and unknown risks, uncertainties,
assumptions and other important factors, many of which are outside
PAE’s management’s control, that could cause actual results to
differ materially from the results discussed in the forward-looking
statements.
Forward-looking statements included in this
release speak only as of the date of this release. PAE does not
undertake any obligation to update its forward-looking statements
to reflect events or circumstances after the date of this release
except as may be required by the federal securities laws.
For media inquiries regarding PAE,
contact:Terrence NowlinSenior Communications
ManagerPAE703-656-7423terrence.nowlin@pae.com
For investor inquiries regarding PAE,
contact:
Mark ZindlerVice President, Investor
RelationsPAE703-717-6017mark.zindler@pae.com
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